2808 Hemphill StFort Worth, TX 76110

Property Details for 2808 Hemphill St

Year built

1919

Construction

BRICK

Lot size

0.26 AC

Property size (Sq ft)

2,160 SF

Property type

Office buildings

APN

39450-14-22-30

APU

39450142230

Description

This exceptional 2,160-square-foot traditional office building is situated at 2808 Hemphill Street in Fort Worth, Texas, 76110, within Tarrant County. The property, built in 1918 and extensively renovated in 2015, features a two-story structure on a commercially zoned lot (APN 02814714). Currently 100% occupied since January 1, 2024, by a non-profit organization, the building offers a one-year lease with two one-year renewal options expiring December 31, 2024. The lease agreement includes a base rent of $15.78 per square foot, plus $4.50 in triple net expenses. The property boasts a pro-forma cap rate of 8.20%. Its convenient location between Magnolia and Berry Streets provides easy access to Texas Christian University (TCU), the Near Southside area, and the Medical District. The building comprises one unit across 2,160 net rentable square feet. The landlord is currently in discussions with the tenant regarding lease renewal. This presents a compelling investment opportunity in a desirable Fort Worth location.

• CAP approach

  CAP return

  Valuation

  6%

  $436,188

  6.5%

  $402,635

  7%

  $373,875

• Comparable approach

  Method

  Valuation

  Relative Method

  $273,181

  Geo Method

  $646,682

• Alternative Use

  Use

  Valuation

  Residential

  $499,267

  Hospitality

  $457,326

  Educational

  $380,490

  Medical

  $393,576

  Retail

  $591,874

Location Insight

City

Fort Worth

County

Tarrant

State

Texas

Latitude

32.711

Longitude

-97.332

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].